Thread: A note of caution for those with deposits in US Banks
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Old 30-03-2008, 10:47 PM   #137 (permalink)
Milkman
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Quote:
Originally Posted by bkkandrew View Post
More trouble ahead:

Bloomberg.com: Worldwide

March 25 (Bloomberg) -- Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane....
So, there are likely more losses in addition to this, like there already has been.

Therefore.....I think....it may....get worse.
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